Hypotheticly, if apple did the unbeliebable took over 100 billion in pc market share... assuming the profit margin in pc's was the same as mac....
they pick up 2 dollars per share in earnings...
$6 per share. that is still a p/e of 32 which is still 12 more P/E than HPQ which trades at 20.
That is called overvaluation. when even if the best thing in the world happened, the P/E of apple is still over valued.
at apples current valuation, they need have a P/C in every home, everyone needs to have a iphone, and an Ipod.
that is it's current value.
maybe I'll give this to herb greenburg.
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